Beggar-Thy-Neighbor

Discipline: Economics

Beggar-thy-neighbor, or beggar-my-neighbor, policies are those that are made unilaterally by one country to improve its economic condition at the expense of others. Devaluating the currency (to make the country's export commodities more competitive) or applying/increasing tariffs (to discourage imports) are among the most common examples of beggat-thy-neighbor policies.